Student loan myth #6: I'll just pay off the amount I borrowed and be done with it.
Student loan truth: If you live overseas it is almost certain that this will not be enough for the IRD. If you just pay off the original borrowings the IRD will still pursue you for any overdue arrears and they will still expect minimum annual payments. Before paying a large amount of money it is best to know where you stand so that you can make a plan and take advantage of available write offs.
Student loan truth: If you live overseas it is almost certain that this will not be enough for the IRD. If you just pay off the original borrowings the IRD will still pursue you for any overdue arrears and they will still expect minimum annual payments. Before paying a large amount of money it is best to know where you stand so that you can make a plan and take advantage of available write offs.